Is This Stock a Screaming Buy: CatchMark Timber Trust, Inc. (NYSE:CTT)

Equity Research firms currently have a positive stance on shares of CatchMark Timber Trust, Inc. (NYSE:CTT). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $12.67 on a short term basis.

At the time of writing, the stock was trading at $10.90. This represents a change from the opening price of -0.64%. In terms of performance, year to date, the stock is 0.34%. The monthly stock performance comes in at -7.05%. For the quarter, shares are performing at -6.13%. Weekly performance analysis shows the equity at -5.93%.

In taking a look at technical levels, shares are trading -6.58% away from the 50 day simple moving average and -1.07% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -12.35% away from it’s 52- week high and 16.46% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, CatchMark Timber Trust, Inc.’s RSI stands at 26.98. In looking at volatility levels, the shares saw weekly volatility of 2.89% and 1.91% over the past month.

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